[Report Abuse]
[Login to Blog] shannalat's Blog
No more whoppers for me
Last comment by shannalat 3 years, 8 months ago.

Take Me To Post Comment Form

I will not be eating Whoppers anymore. In case you haven't read it anywhere or seen the story on any of the 24 hour news feeds, let me tell you what Burger King is doing. Burger King is buying a Canadian company in an effort to dodge taxes in the United States of America.
The deal is called Tax inversion.
Burger King and Tim Hortons, comparable in size by market value, confirmed their merger discussions late on Sunday, saying the new company would be the world's third-largest quick service restaurant. It would be based in Canada, which has lower overall corporate taxes than the United States, especially for entities that have large amounts of earnings from overseas.

The proposed deal would be structured as a so-called tax inversion transaction to move Burger King’s domicile out of the United States, and could come as soon as in the next few days, according to Reuters sources familiar with the discussions.
Earlier this month, Walgreen (WAG) said it will forgo a tax inversion when it completes a buyout of European drugstore chain Alliance Boots.
I guess I will also not be shopping at Wal Greens anymore either.
Why would I quit shopping there and essentially not give my support to these companies? Simple these companies are not supporting me. I wish the US government would look at and fix the tax code and make it so that tax inversion will not happen however this is far from happening with the do nothing congress so what can a citizen do? Shop at Mcdonalds? The food tastes the same anyways and at least my money spent at mcdonalds will stay here and be spent by the lawmakers on my roads, bridges schools etc.
Boycott both Burger King and Wal Greens send them a message with me. This country may not have the best tax code but it is still the best country in the world and it is not time to jump ship but get involved. The tax inversion scam and exodus of the American corporation makes me feel like these companies are ex pats, turning there back on the nations that made them the success that they are.
I don't think I could eat a whopper right now without getting sick

Latest Activity: Aug 27, 2014 at 10:29 AM

Bookmark and Share
Forward This Blog
Print Blog
More Blogs by shannalat
Send shannalat a Message
Report Abuse

Blog has been viewed (539) times.

Libertytaxpayer commented on Thursday, Aug 28, 2014 at 05:45 AM

They are not the only company doing it. It takes everyone to ban together to stop it

timeontarget commented on Thursday, Aug 28, 2014 at 14:55 PM

No we need to reduce our tax rate so that this country can go back to work in private enterprise.

We simply cannot all work for the government.

Government payrolls really don't generate any real revenue.

timeontarget commented on Saturday, Aug 30, 2014 at 07:43 AM

Where do you think those millions are derived from.

The private sector is the only source of real revenue.

shannalat commented on Tuesday, Sep 02, 2014 at 08:00 AM

I think getting into a debate about the minutia concerning the modern capitalist economics does not serve the purpose for this post.
The source of revenue for NASA comes from a combination of private sector as well as government sector money. In that federal employees pay taxes.
This post is more about the terrible tax dodging done by corporations in an effort to avoid paying taxes.
The why is important but should it be less important than the what?
What is happening is that, Burger King is going to receive all the benefits of a company in the US without paying for it. The employees can't do this but the corporations can and it is not right. I don't care how much the board does not agree with the tax code. You do not pack up and head for Canada.

Log In to post comments.

Previous blog entries by shannalat
guns do kill people
February 25, 2015
Ok, I have seen the bumper stickers and heard the arguement. "Guns don't kill people, people kill people" and while that is both true and not true. It is like someone saying it is not the fall that kills you but the sudden stop at the end. Ever since the ...
Read More »
A shameless plug
October 08, 2014
Hey everyone my favorite blogger john3corrigan who blogs here www.john3corrigan.com has written a book you can buy it here http://john3corrigan.com/books/ He really will send you a hand written note to. If you buy one of the books.
Read More »
he did say 40 years
September 30, 2014
So I was listening to an interview with Peter Thiel. For anyone who doesn't know who Peter Thiel is you can see here http://en.wikipedia.org/wiki/Peter_Thiel In case you do not wish to follow the link.. Peter Thiel was one of the cofounders of paypal. He now works as a venture capitalist ...
Read More »
what does everyone think?
September 12, 2014
Does anyone else feel it would make the United States or the world better if the United States spends what was it 50 million dollars? to train Syrian rebels? I am not a big fan of training the enemy of my enemy who may be my enemy. I mean and ...
Read More »
Some deep Friday thoughts
September 12, 2014
I am pasting a reblog from another website www.john3corrigan.com paste /////////////////-----------------------///////////////// We all have our ways to do it Posted: September 12, 2014 in Uncategorized Tags: school system Life. We all have our ways of living it don’t we? We approach it with a wonderful uniqueness that makes the world ...
Read More »
[View More Blogs...]

Powered by
Morris Technology